516 & 537 Proffitt Rd & Johnson Ln 1-7 Gatlinburg, TN $ 3,975,000
516 & 537 Proffitt Rd & Johnson Ln 1-7
$ 3,975,000
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516 & 537 Proffitt Rd & Johnson Ln 1-7

Gatlinburg, TN, 37738
$ 3,975,000
Bedrooms21 Baths14.0 Sq 1,550

Monthly Estimate*

$ 27,454

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Condo for sale in Gatlinburg, TN

for $3,975,000 with 21 bedrooms and 14 full baths. This 1,550 square foot condo was built in 2007 on a lot size of 0.01.

Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

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Condo Active

Price

$ 3,975,000

Bedrooms

21

Full Bath

14

Property Type

Condo

Taxes

$ 924

Style

Townhouse

Lot Size

0.01

Year Built

2007

Town/City

Gatlinburg

County/Region

Sevier

MLS | Web ID

9999038

Features
General
Sewer Public Sewer
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Roof Metal
Appliances Dishwasher Dryer Electric Range Microwave Refrigerator Washer
Zoning R 2
Patio/Porch Features Rear Porch
Architectural Style Townhouse
Security Features Smoke Detector(s)
Construction Materials Wood Siding
Year Built 2007
View Mountain(s)
Topography Mountainous Wooded
Unit Number 1-7
Property Subtype Condominium
County Sevier
Property Type Residential
Association Amenities Spa/Hot Tub
HOA false
Subdivision Name Not Listed
Total Rooms 35
Full Baths 14
Status Active
Directions From downtown Gatlinburg take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.
High School Gatlinburg Pittman High School
City Gatlinburg
MLS Area 206 - Sevier County
Lot Size Units Acres
Lot Size Square Feet 435.6
Elementary School Pittman Center Elementary School
Middle/Junior High School Gatlinburg-Pittman
MLS Area Minor 206 - Sevier County
Structure Type Townhouse
Standard Status Active
Conventional true
Wood siding true
Cash true
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Interior
Flooring Luxury Vinyl
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 21
Total Baths 14
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Exterior
Exterior Amenities Balcony
Water Source Private
Lot Size Area 0.01
Building Area Total 1550
Lot Size Acres 0.01
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* Excluded Features
List By
Christopher Ball

Listing Agent

Keller Williams Realty Knoxville

Broker

chrisball@kw.com

Email

Affordability Calculator

$27,531
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,454
Monthly Property Taxes
$77
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Gatlinburg Pittman High School High School High School
Pricing History
DatePricePrice ChangeDescription
8/22/2026$3,975,000 -3.05% Price Down
8/3/2026$4,100,000 Listed Price

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516 & 537 Proffitt Rd & Johnson Ln 1-7, Gatlinburg, TN, 37738 is a Condo for sale at $3,975,000 with 1,550 sqft and a lot size of 0.01. 516 & 537 Proffitt Rd & Johnson Ln 1-7 has 21 bedrooms, 14.0 baths, and was built in 2007. The property's zip code is 37738 which is in Gatlinburg, TN